Bancorp 34, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 15, 2024 at 12:56 pm
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Bancorp 34, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported net interest income was USD 3.67 million compared to USD 4.07 million a year ago. Net loss was USD 1.54 million compared to net income of USD 0.444 million a year ago.
Bancorp 34, Inc. is the holding company for Bank 34 (the Bank). The Company conducts a full-service community banking business through the Bank. The Company offers a full range of relationship-focused services to meet its clientâs business and personal financial objectives, with branches in Arizona and New Mexico. Its product lines include commercial loans, commercial real estate loans, and a variety of commercial and consumer deposit products, including noninterest bearing accounts, interest-bearing demand products, savings accounts, money market accounts and certificates of deposit. It also offers online banking and bill payment services, online cash management, safe deposit box rentals, debit card and automated teller machine (ATM) card services and the availability of a network of ATMs for its customers. Its segments include Commercial loans, Commercial real estate loans, Multifamily, Construction and land development loans, Residential real estate loans, and Consumer loans.
BANCORP 34, INC. 
